An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label cash for kids. Show all posts
Showing posts with label cash for kids. Show all posts
Monday, April 23, 2012
More prison privatization horror!
As states hemorrhage money they are selling off assets in an attempt to remain solvent. You can thank the Congress and current Administration for not supply sufficient quantities of FIAT MONEY.
Anyway, as a result of these self imposed state austerity programs entire prison systems are being privatized. This creates the potential for some very scary abuse because the prison companies need an ever expanding prison population to grow and be profitable.
We've already seen an example of this in the recent conviction of a judge who was involved in a "cash for kids" scheme. That's right, this judge was sending KIDS to prison for money.
Corrections Corporation of America recently sent letters to a number of state governors telling them the company was prepared to buy and maintain prison systems but only if state prison agencies met CCA's condition of ensuring that the prison remained at least 90% full. Translation: We’ll buy your prisons and keep ‘em orderly and clean, so as long you keep the prisoners coming in! Read article here.
It goes further, too. The prison companies are "leasing out" prisoners to large corporations at below-minimum-wage rates. This is forced labor that undercuts the earnings and job prospects of regular, non-incarcerated workers.
America is truly becoming a scary place.
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